When you have studied your market properly you should be able to provide the answer of if single family or residential multifamily is better for cash flow. 1% rule was for a time when almost all deals were decent as a way to rule out the lessor deals and concentrate on the best deals.

Ever since that conversation I went on a deep dive of research and studying to figure out how to accomplish these wild ambitions of mine.She helped me get my first property when I was 24 years old, which we ended up selling after a few years and using the revenue to purchase another property.

Purchase price: $72,000 Cash invested: $107,600 Case Study: Cockroaches to Cash FlowProperty AcquisitionI found this property through MLS.

I would study the listings from the top performing rentals in your area to see how they are overcoming any challenges with location.

Depending on how you use the property, you may benefit from a cost segregation study and bonus depreciation once the property is in service. 

Purchase price: $72,000 Cash invested: $107,600Case Study: Cockroaches to Cash FlowProperty AcquisitionI found this property through MLS.

See what qualifications people are looking for and do what you have to in the meantime to produce income while you're studying. 

As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.

Through my studies, I met my current employer, who owns a construction company where I serve as the Sales Director.

A lot of research and studies have come out around high paying jobs make large impacts.